Posts Tagged ‘workforce’

Considering College

Our youngest began her college career this Fall but the process started over 10 years ago when we first invested a significant chunk of change in her 529 college fund. Unfortunately, when it was time for her to enter college, rather than multiplying in value that fund was worth about the same as it was when the money was first invested. Of course, that situation impacted her final decision on which college to attend.

Fortunately, she attended a high school which provided terrific guidance in planning for college. Her counselor provided her with a list of 40 schools, including stretch, reach, and safety schools which might be a good fit for her skills and career aspirations. We visited 18 of those campuses over the course of 18 months. Fortunately, most of them are within a 4 hour drive of our home.

During our campus visits, I made sure to have a conversation with the college rep about how a 4 year undergrad degree today is worth about the same as a high school diploma was when I entered college. So, the question was: Does it make any sense in this economy to spend close to a quarter million dollars (tuition plus room & board) on an undergrad degree? Or, would it make more sense to spend the first two years in a much cheaper community college to earn those credits which are the basis for most of a college student’s first two years and then transfer to a four year school to complete the degree?

There’s also a consideration for those teens whose interests and aptitudes might make them less suited for a typical 4 year college degree than to pursue a path which places them in a community college for two years with the goal of joining an organization which will pay for the remaining two years of their education and train them in a thriving industry where their skills, talents, and passions are sorely needed. We’re hearing a lot these days about companies who can’t find the workforce with 21st century skills that they need to compete in today’s economy.

It’s something to consider.

Presented by Degree Jungle “Is College Still Worth It”

I’d also recommend that, along with the U.S. News & World college rankings, you check out the Washington Monthly’s reviews.
http://www.washingtonmonthly.com/college_guide/toc_2012.php

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